Oaktree Capital Group, LLC (NYSE:OAK) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other equities research analysts have also issued reports on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 target price on shares of Oaktree Capital Group in a research note on Sunday, July 30th. Goldman Sachs Group, Inc. (The) lowered Oaktree Capital Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $50.00 to $49.00 in a research note on Friday, July 28th. Morgan Stanley reiterated an “overweight” rating and issued a $54.00 target price (down previously from $56.00) on shares of Oaktree Capital Group in a research note on Monday, July 10th. Finally, Deutsche Bank AG increased their target price on Oaktree Capital Group from $44.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Oaktree Capital Group has an average rating of “Hold” and an average target price of $47.33.

Oaktree Capital Group (NYSE:OAK) opened at 47.45 on Friday. Oaktree Capital Group has a 52 week low of $36.95 and a 52 week high of $48.50. The stock has a market cap of $3.05 billion, a PE ratio of 10.35 and a beta of 0.60. The stock has a 50 day moving average price of $47.35 and a 200 day moving average price of $45.64.

Oaktree Capital Group (NYSE:OAK) last posted its earnings results on Thursday, July 27th. The asset manager reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.26. Oaktree Capital Group had a return on equity of 20.71% and a net margin of 19.17%. The business had revenue of $704.36 million during the quarter, compared to analyst estimates of $592.84 million. During the same quarter last year, the firm earned $0.79 earnings per share. On average, equities analysts predict that Oaktree Capital Group will post $3.89 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Oaktree Capital Group, LLC (OAK) Raised to “Buy” at BidaskClub” was first reported by Daily Political and is the property of of Daily Political. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/08/07/oaktree-capital-group-llc-oak-raised-to-buy-at-bidaskclub.html.

In other Oaktree Capital Group news, Director Ocm Growth Holdings Llc purchased 909,443 shares of Oaktree Capital Group stock in a transaction that occurred on Monday, June 12th. The stock was purchased at an average price of $15.00 per share, with a total value of $13,641,645.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

A number of hedge funds and other institutional investors have recently modified their holdings of OAK. Creative Planning increased its position in shares of Oaktree Capital Group by 31.3% in the first quarter. Creative Planning now owns 24,863 shares of the asset manager’s stock worth $1,126,000 after buying an additional 5,931 shares in the last quarter. SOL Capital Management CO increased its position in shares of Oaktree Capital Group by 49.9% in the first quarter. SOL Capital Management CO now owns 32,760 shares of the asset manager’s stock worth $1,484,000 after buying an additional 10,900 shares in the last quarter. National Investment Services Inc. WI acquired a new position in shares of Oaktree Capital Group during the first quarter worth approximately $2,100,000. Moon Capital Management LLC increased its position in shares of Oaktree Capital Group by 44.5% in the first quarter. Moon Capital Management LLC now owns 22,195 shares of the asset manager’s stock worth $1,005,000 after buying an additional 6,830 shares in the last quarter. Finally, Telemus Capital LLC increased its position in shares of Oaktree Capital Group by 10.4% in the first quarter. Telemus Capital LLC now owns 7,388 shares of the asset manager’s stock worth $335,000 after buying an additional 696 shares in the last quarter. 23.23% of the stock is owned by hedge funds and other institutional investors.

About Oaktree Capital Group

Oaktree Capital Group, LLC (Oaktree) is an investment manager specializing in alternative investments. The Company operates through investment management segment, which consists of the investment management services that the Company provides to its clients. The Company manages investments in a range of strategies within approximately six asset classes, which include corporate debt, convertible securities, distressed debt, control investing, real estate and listed equities.

Analyst Recommendations for Oaktree Capital Group (NYSE:OAK)

Receive News & Ratings for Oaktree Capital Group LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Capital Group LLC and related companies with MarketBeat.com's FREE daily email newsletter.